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2016 Minyanville Publishing and Multimedia, LLC. All Rights ReservedYeah, About That Whole &quot;China is the Second-Largest Economy in the World&quot; Thing...Remember back in August when the headlines were filled with breathless announcements that China had surpassed Japan to become the second-largest economy in the world?So do I. And yes it did. By GDP.This month's Harper's Index (subscription required) reminds us of the difference between GDP and GDP on a per-capita basis:Global rank of China's economy in 2010 measured by GDP: 2Rank if GDP is calculated on a per-capita basis: 94On the afternoon of August 16th when the announcement was made Mark Perry the well-known University of Michigan economist pointed out on his Carpe Diem blog that although China now ranked ...http://www.minyanville.com/mvpremium/yeah-about-that-whole-china/
Tue, 28 Dec 2010 09:30:00 EST